Question: From the additional information given for no.1 and no.4, could you please help how to calculate and where should i transfer the amount to the


From the additional information given for no.1 and no.4, could you please help how to calculate and where should i transfer the amount to the relevant accounting statement.
PROJEK B Given below are the statements of financial position of King Bhd and Prince Bhd as at 30 June 2020: King Bhd Prince Bhd (RM) (RM) Non-current asset Freehold land at cost 382,300 230,000 Plant and machinery at carrying value 142,300 160,000 Fixtures & Fittings at carrying values 90,000 41,700 Investment in Prince Bhd: 150,000 Ordinary shares at cost 282,800 25,000 10% Preference shares at cost 25,000 RM28,500 10% Debentures at cost 28,500 Currents assets Inventories 65,900 25,000 Trade Receivables 50,500 60,000 Bills Receivables 25,000 34,830 Loan to Prince Bhd 30,000 Bank 44,000 71,830 1,166,300 623,360 500,000 150,000 200,000 90,000 Financed by: Issued and paid up capital Ordinary share capital 10% Preference share capital Reserves General reserves Asset revaluation reserve - Plant Retained profits Non-current liability 10% debentures Loan from King Bhd 65,000 45,000 20,000 70,600 151,200 180,000 90,000 20,000 Current liabilities Bill payables Trade Payables Interest Payables Preference dividend payable 18,000 76,300 15,000 10,800 1,166,300 28,880 43,400 9,000 6,480 623,360 Additional information: 1. King Bhd acquired ordinary shares, 10% preference shares and 10% debentures of Prince Bhd on 1 July 2018 when the balances of its retained profit, general reserve and asset revaluation reserve are RM60,000, 40,000 and RM20,000 respectively. The balance of ordinary shares, 10% preference shares and 10% debentures on that date are as follows: Ordinary shares 10% Preference shares 10% Debentures Unit 200,000 90,000 90,000 RM 200,000 90,000 90,000 . 2. For the purposes of consideration for shares acquired on 1 July 2018, the assets of Prince Bhd were revalued. The land was revalued at RM280,000 and plant & machinery was revalued at RM10,000 below its' carrying value. King Bhd also revalued its' Freehold land at RM400,000. King Bhd and Prince Bhd had not recorded this revaluation but decided to give effect in the consolidated financial statement. King Bhd and Prince Bhd depreciated plant & machinery at 20% using the reducing balance method. 75% of Prince Bhd's inventories were goods purchased from King Bhd which was invoiced at 25% on cost and this amount is still owing on 30 June 2020. RM20,000 of the bills payable of Prince Bhd was in favour of King Bhd, of which RM8,000 has been discounted. The differences in the loan from King Bhd and loan to Prince accounts are due to cash in transit 3. . 4. ch 5. 6. 7. King Bhd has not recorded its share of preference dividend and debenture interest from Prince Bhd. On 1 July 2019, Prince Bhd sold fixtures with a carrying value of RM18,000 to King Bhd for RM25,000. It is the group policy to depreciate fixtures at 20% on cost. On 30 June 2020, an impairment test was conducted on goodwill on consolidation and the value should be written down by 10%. 8
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